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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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" a) S+ ?  x' c# H$ L; f' aBelow is an Interesting article I found, which says that.....Do not . f! w1 p8 S* z* m
expect much from Crude Oil producers and future is not with the " V7 M3 ~7 p1 ^1 p
companies producing Jet fuels but Biofuels. Also no wonder if some of
4 r, e+ U1 I! ?. c4 a3 m  |these oil producer will go bankrupt or out of the business even if : v! f" T+ a3 l
crude prices improves. This implies also to good names such as Shell, * R+ q0 m# q; q# b9 s0 d8 p
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few
4 {' M/ J8 ]- X) {$ gmonths. There are three wars going on in Gaza, Iraq and Afghandistan. 6 U& X  k. q! L4 H  O
A year ago these things would have spiked the price of crude oil by at
* y6 {0 C3 y! q- c% f0 I( B3 qleast $50.00 per barrel. Today, oil price declined by a record amount.
* R6 z4 |: P" p/ C* O" _0 |& q" P/ F* O  z

% x& V7 D* g. a8 i% j5 lThere are several reasons the price of oil is decreasing in the face
7 Q$ K3 V: \! hof so much news. These reasons are: % m0 n) Z- C! p/ n! g
4 P: U* T5 Y, f/ X
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1. New oil has been found in Canada, Montana, North & South Dakota and / L, h$ V4 l3 f% ^
in the ocean near Brazil. Each of these oil fields has more oil than - i2 b3 b/ ?* x# C! R( _
Arabia.   m. W9 o5 C" {. y, D8 y

6 t+ l' C4 x0 S0 C; H
' B, u, l9 S; \! |2 z4 V( w( K2. New natural gas has been found in Pennsylvania and West Virginia. 9 x/ r1 G& k! l; j; a( _9 A
This is the largest find in North America.
1 V3 W! e0 n3 X# o* }: }6 {
4 v2 C, U1 H* Q* d* ?, y# l2 B  V" j
3. New methods of injecting CO2 and surfactants into oil wells is
* k- y2 }! Q/ f8 t3 C- U# rbeing used to double their output. # P  w. r6 [/ @$ \
4 \; s$ o7 O0 V3 K4 K& T
6 a* b4 f% \& X$ L3 n& `" B/ |
4. Production of bio-fuels is beginning to reach critical mass. Bio % e0 D# ?" b$ L; ]- ^" y
fuel is being produced from many plants and algae. The production - W9 `  Y" j3 }6 ~
potential per acre in some cases is astounding. Many countries are $ q7 T; u5 Q# r8 @' y
racing to produce bio fuels.
, K+ t1 ?1 ~3 u& h, v0 B& t
( U3 ?7 o7 K# g- F4 \1 A# q
: w* R+ I" Z( j5. Virtually every restaurant in the US and all food processing plants # e) T. v" q8 s9 T4 K2 T: [
are now selling their used oil to bio-diesel producers. Every pork, . V+ M3 b) m* U
cattle, turkey and chicken processing plant will soon sell their fat . G5 n0 {9 Y+ F
to bio-diesel producers. One pork processing plant in Oklahoma is ! x+ U% ^8 T7 Q. }( j
producing 30,000 gallons of bio-diesel per day from pork fat.
2 Y: ]% r- H: C3 ~
  y) C; ]+ a1 h( r
! Z& G1 R$ f1 O' d2 |. y6. There are 99 nuclear reactors in various stages of planning and
) Z' r! y$ J: Y; ~% H0 _* M. Uconstruction around the world at this time. Several hundred more are ! A" X. e7 a" v/ @1 q
expected to be built in the future. Much of the energy they produce
0 E" d6 l/ {+ m# }will replace oil. : y: q& V0 q2 d# x

/ |" K! D2 u6 K, v
: e5 f* h7 ]1 H4 [7. Every company in any form of transportaion business is replacing 3 |2 c2 Q  B9 T1 h4 B; L
older equipment such as trucks, airplanes, train engines, ships, etc. 7 ]8 K( C) V* G' X8 G7 w2 t
with new more fuel efficient equipment. Airlines and railway companies ; @" t7 A9 w  X# D* m
are experiencing 20% to 25% better fuel econony with the new - L9 V. w$ \$ o2 U0 _1 M
equipment.
! u' O" ~% }$ V3 I& \* V. A9 x' v- b) B6 y, a: ?( c5 E

2 o, s% n# A" L' ^Airlines are flying airplanes with bio-fuel. They are finding the bio-
& B) j+ i; s  j& n! c! Efuel is cleaner and performs better than jet fuel. ! ~, h9 I% W$ z/ p) ~6 j2 P

# s; g! N. s$ l% f* z( C, P) r, S: V( F* j3 v9 f( ]
8. Cities and counties throughout the US are selling the rights to ) b( g, T: |6 B  @7 c: R9 t
capture methane gas from landfills. This is a huge source of gas , N* j  t; v& c" l
available at very little cost or risk. The gas is displacing crude : z3 f% k! s! U; ~' m- W
oil.
3 Z0 {% n! x7 @$ n$ _6 t
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
' t0 [5 `+ h: |: y. cproduced as a byproduct is sold to oil companies for injection into
+ M5 Y# R5 }7 a: hoil wells. " \6 ^; ^/ V% ?  F8 {4 m% k
  g8 H+ _$ Q& q% P! F

" E( i8 c* [5 q2 l  k10. Solar, wind and ocean energy is displacing oil as an energy
6 A! m" ^  W: T; ^source. Three new wind turbines are being erected every day in the US.
: \  ~6 K- `  K3 W1 f$ D) S4 Y4 h  P, a) \+ h/ o6 n
6 W* h% G0 f% d# z/ Q  B1 E* v
Each of the above by itself will not make a large difference in the
  G5 P* E/ P- r' c- e3 A" @6 jprice of crude oil but the sum of all of them together is world ; i8 ]  U/ P4 a: w* d# m+ O7 S
changing. The important thing is that OPEC no longer has the ability
& N  L7 M" L( ^  K6 C& u7 d0 cto control oil prices.
5 b6 x" f2 A1 C: A' v! c
& i6 _; `$ Z; e+ B5 E( a, s* r
* T; }% s% v9 N2 z6 z" FWith the above scenario, I still believe that there are under 6 P3 O6 g; ^: m2 M
performed OIL companies and probably they are yet to get the justified
9 ^  ^: n6 n. }. s* y4 _! P# S2 p# `# Kvalue .....
1 \! h; o4 p' N% b5 DIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... % ~' c3 _+ p- L
& b  C* @+ k# ^! N* O9 g; R( |
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
4 \0 x7 c+ d4 Z& V2009 ... FYI-Only
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